Mean household income must be estimated for a town that can be divided into three districts. The

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Mean household income must be estimated for a town that can be divided into three districts. The relevant information is shown in the table.

District Population Size Estimated Standard Deviation ($)

1 1,150 4,000 2 2,120 6,000 3 930 8,000 If a 95% confidence interval for the population mean extending $500 on each side of the sample estimate is required, determine how many sample observations in total are needed under proportional allocation and optimal allocation.

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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